For identification, each job or work order received from a customer is allotted a

INTRODUCTION TO COST ACCOUNTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Production order
B	Batch number
C	Job number
D	Code number

Explanation:

Detailed explanation-1: -In summary, the basic characteristics of job order costing are: (a) Comprises of products or services that are different from each other. (b) Costs are pooled according to the job. (c) Unit cost is calculated by dividing the total job cost with the unit produced for that particular job.

Detailed explanation-2: -Job order costing is used to measure the revenue gained against the expenses incurred during the production process so that we can determine the profit for every unique job which is being manufactured.

Detailed explanation-3: -A business that applies costing method usually has the following characteristics: Production is carried out based on the customer’s specification. Products are manufactured in distinguishable lots. Products produced are of not uniform nature.

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